Fidelity bank banner UBA banner
Stanbic IBTC Bank leads in cash management and trade finance

By News Express on 25/05/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 639


Stanbic IBTC Bank PLC has emerged winner of the Gold Prize at the 2017 edition of Deutsche Bank Awards for Excellence in Cash Management and Trade Finance in Nigeria. This is the second time the bank is being awarded as the top performer in this category.

The category tagged Straight-Through Processing (STP) Excellence Award has been a feature of Nigeria’s financial markets over the last seven years. Stanbic IBTC Bank also won Gold in 2015, Bronze in 2014 and Silver in 2016 editions.

The 2017 USD Straight-Through Processing (STP) Excellence Award, according to Deutsche Bank, recognizes institutions delivering outstanding quality in payment efficiency. The nominated banks successfully implemented an STP rate of over 99 percent throughout 2017, serving to greatly reduce the administrative impact of payment processing, increasing efficiency and ensuring strict compliance with globally recognized payment standards.

The 2017 award was presented to the bank on May 16 at a gala dinner at the Wheatbaker Hotel, Ikoyi, Lagos. Speaking at the event, Head of Deutsche Bank’s Representative Office in Nigeria, Andreas Voss, said the Awards for Excellence in Cash Management and Trade Finance in Nigeria was introduced as a demonstration of the institution’s commitment to the development of Nigerian businesses and to support continued development of the West African financial markets.

The award, according to Deutsche Bank, is in recognition of Stanbic IBTC Bank’s consistent improvements in the quality of both commercial and treasury payments. “This is a solid demonstration of commitment, passion and sheer hard work from all your staff who have sustained this effort consistently,” stated Deputy Country Head, Deutsche Bank AG, Mrs. Adeola Azeez.

The STP or Error-free processing award is given by Deutsche Bank annually to institutional and corporate clients with whom the bank cooperates at an international level and who have achieved a specific level of operating excellence in the area of payments in US Dollars.

Chief Executive, Stanbic IBTC Bank PLC, Dr. Demola Sogunle, said the award is particularly uplifting as it is the third time Stanbic IBTC Bank will be so recognized. "We are especially pleased to receive this recognition for our efforts. It is a further confirmation of our capacity to provide the highest level of service to our clients, focusing on continuously improving our systems, processes and solutions in order to surpass client expectations. Stanbic IBTC will continue to deliver exceptional performances across all segments of the business. Thanks must go to all our clients and staff who made this possible,” he said.

As a member of the Standard Bank Group, Africa’s largest bank by assets and earnings, Sogunle said Stanbic IBTC will continue to leverage on the 155-year experience, expertise and strong financial clout to deliver superior sustainable shareholder value by meeting the needs of its clientele.

Stanbic IBTC Bank and other winners in this category were presented the awards by Mr. Ulf-Peter Noetzel, Managing Director & Global Head of Trade Finance Financial Institutions (TFFI), who came in from Frankfurt, Germany, for this special event.

Stanbic IBTC Bank PLC is a subsidiary of Stanbic IBTC Holdings PLC, a member of Standard Bank Group, a full-service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.

•Photo shows, L-R; Global Head, Financial Services, Deutsche Bank, Ulf-Peter Noetzel; Chief Executive, Stanbic IBTC Holdings Plc, Yinka Sanni; Deputy Head, Deutsche Bank representative office Nigeria, Adeola Azeez and Head, Deutsche Bank representative office Nigeria, Andreas Voss, at Deutsche Bank’s 2017 Awards for Excellence in Cash Management and Trade Finance in Nigeria, held in Lagos, recently.

 

Source News Express

Posted 25/05/2018 12:07:35 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Embassy of Israel celebrates opening of U.S. embassy...

Corruption, not babies, breed poverty

Bonga North West project wins global energy and...

Buhari’s New Year Message “anti-Igbo”

Imo 2019: It’s Madumere or never for APC,...

YABATECH declares 22-day holidays for elections

Alaghodaro Summit: Edo fine-tunes strategy to become manufacturing...

Dickson laments effects of environmental pollution in Niger...

Sit-at-home: Army, Police, Civil Defense, DSS meet; dismiss...

Ship owners demand release of $100m Cabotage fund...

El-Rufai vows to defy election curfew •Says: ‘We’ll...

2019 party primary: Ebonyi South PDP retains incumbents...

 

Latest News 40 killed in Kaduna Nnamdi Kanu’s reappearance, the beginning of Biafra’s independence — IPOB Be wary of Agatu girls, LG boss warns NAF personnel Unpaid Pensions: 900 Nigeria Airways retirees die Atiku’s Campaign Council: Umahi denies rejecting appointment Fayose won't be intimidated, ready to defend himself in court — Aide Viral Video: NANS gives Buhari 7-day ultimatum to probe Ganduje Anambra Building Collapse: Last trapped victim dies after rescue Lebanese jailed, forfeits $52,550, €32,250 to FG Why Abia women prefer fairly-used underwear Osinbajo declares Bayelsa flood a major disaster •Dickson calls for collaboration to resettle victims Alleged 2.1bn Fraud: Charge Dasuki for money laundering not me, Dokpesi tells court

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (407,640 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,904 views) Shameless Genevieve Nnaji exposes breasts in public (315,243 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (258,005 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,808 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,594 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,373 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,827 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,590 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,053 views) Lagos plane crash: Journalist releases victims’ names (161,704 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,469 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (69) Business & Economy (3,696) Business Verdict (52) Columnists (948) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (660) Global Business Monitor (304) International (2,547) Interview (165) Live Commentary (28) Love Matters (145) News (39,754) Opinion (1,125) Pidgin (13) Politics (7,304) Religion (881) Sports (1,733) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement